Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Components of discontinued operations

The components of discontinued operations are outlined below and include the results of operations for the respective periods that the Company owned such assets for properties sold in 2013 and prior years during the six months and quarters ended June 30, 2014 and 2013 (amounts in thousands).

	Six Months Ended June 30,						Quarter Ended June 30,
	2014			2013			2014			2013
REVENUES
Rental income	$	1,275		$	107,956		$	252		$	26,174
Total revenues	1,275			107,956			252			26,174
EXPENSES (1)
Property and maintenance	(41		)	31,449			(89		)	11,025
Real estate taxes and insurance	(6		)	10,867			(19		)	2,273
Property management	—			1			—			—
Depreciation	—			30,962			—			7,146
General and administrative	51			73			46			65
Total expenses	4			73,352			(62		)	20,509
Discontinued operating income	1,271			34,604			314			5,665
Interest and other income	80			90			45			38
Other expenses	—			(3		)	—			(1		)
Interest (2):
Expense incurred, net	—			(1,258		)	—			(6		)
Amortization of deferred financing costs	—			(228		)	—			—
Income and other tax (expense) benefit	(13		)	(463		)	(2		)	(405		)
Discontinued operations	1,338			32,742			357			5,291
Net gain on sales of discontinued operations	224			1,588,874			153			389,952
Discontinued operations, net	$	1,562		$	1,621,616		$	510		$	395,243

(1) Includes expenses paid in the current period for properties sold in prior periods related to the Company’s period of ownership.

(2) Includes only interest expense specific to secured mortgage notes payable for properties sold.